VA Tech Wabag (WABAG) has signed a non-binding term sheet to create a dedicated Municipal Platform for capital projects in the municipal sector. 

The platform will involve an equity investment of up to USD 100 million over the next 3 to 5 years. 

This initiative is being launched in partnership with an Investor Consortium, including Norfund, the Norwegian Government’s investment fund focused on sustainable development, along with two other international investors.

WABAG’s Role as a Technical Partner

WABAG will serve as the Technical Partner in the platform, contributing its expertise in Engineering, Procurement, and Construction (EPC) and Operations and Maintenance (O&M).

 In alignment with its Asset-Light Strategy, WABAG will also make a minority investment in the platform. The collaboration aims to leverage the strengths of all partners to address the growing need for advanced water treatment technologies and municipal water infrastructure.

Advancing Sustainable Water Solutions

The Municipal Platform will focus on key opportunities in the municipal water sector, enhancing sustainable water management while driving economic growth. The signing of this term sheet marks an important step in formalizing the partnership and accelerating transformative water projects. 

Commenting on this key development, the Whole-time Director & Chief Growth Officer, Mr S. Varadarajan, said, “This step of signing the term sheet with strong global partners to establish the Municipal platform underscores our commitment to addressing global water challenges by leveraging cutting-edge technology and expertise. This initiative reflects our asset-light strategy, emphasizing partnerships that combine WABAG’s technical excellence with the financial strengths of our collaborators to accelerate impactful and sustainable water solutions.”

Conclusion

WABAG remains committed to its core focus on the water sector, fostering innovation and long-term financial partnerships. Further updates will be shared as the platform progresses toward definitive agreements.

On March 21, 2025, WABAG share price opened at ₹1,398.95, up from its previous close of ₹1,383.90. At 9:48 AM, the share price of WABAG was trading at ₹1,481.15, up by 7.03% on the NSE.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Greenlam Industries Ltd has set today, Friday, March 21, 2025, as the record date for its 1:1 bonus issue. This means that shareholders holding equity shares as of this date will be eligible to receive one fully paid-up equity share of Re. 1 for every existing share they own.

Investors who have purchased shares before the record date will be eligible for the bonus allotment. The ex-bonus date, typically a day before the record date, is also crucial for determining eligibility.

Greenlam Industries Ltd Q3 FY 2025 Financial Highlights

Greenlam Industries Ltd reported net revenues of ₹602.0 crore for the quarter, marking a 6.9% year-on-year (YoY) growth. 

The company’s laminate business saw a 4.0% increase in value terms and 2.6% in volume terms on a YoY basis. Meanwhile, its Engineered Flooring, Engineered Doors, and Plywood segments showed strong growth, with YoY increases of 13.8%, 49.5%, and 90.7%, respectively. 

Despite revenue growth, EBITDA stood at ₹63.5 crore, reflecting a 10.7% YoY decline, while net profit fell sharply by 50.3% YoY to ₹12.5 crore. 

Greenlam Industries Share Price Performance

Ahead of the bonus issue record date, on March 20, 2025, Greenlam Industries share price (NSE: GREENLAM) opened at ₹569.00 and closed at ₹595.40, up by 7.14%. The stock price touched its day’s high at ₹595.40. 

About Greenlam Industries Ltd

Greenlam Industries is involved in the business of manufacturing laminates, decorative veneers and allied products. 

Conclusion

This current bonus shares move aligns with Greenlam’s strategy to reward its investors and enhance liquidity in the stock. A bonus issue increases the number of shares held by investors without impacting their overall holding value, making it an attractive incentive.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Oberoi Realty has informed the stock exchanges that its Board has approved a significant transaction involving its joint venture company, I-Ven Realty Limited (I-Ven). 

The transaction includes the execution of a Securities Subscription Agreement (SSA) and a Shareholders’ Agreement (SHA) with Alpha Wave Ventures II, LP (Investor), Mr Vikas Oberoi, and I-Ven Realty Limited. 

As part of this agreement, I-Ven will issue securities to the investor for a total consideration of ₹1,250 crore, representing 21.74% of I-Ven’s share capital on a fully diluted basis. The transaction is subject to specific conditions outlined in the SSA.

The SHA establishes the terms governing the management of I-Ven and defines the rights and obligations of the Investor, Oberoi Realty, and Mr Vikas Oberoi upon completion of the proposed transaction. I-Ven is currently a joint venture between Oberoi Realty and Mr Vikas Oberoi, with both holding an equal share in the company. The SSA and SHA were executed on March 20, 2025, marking a key milestone in this strategic investment.

Fund Restructuring Through Rights Issue

As a pre-condition to the transaction, I-Ven will restructure its existing funds through a rights issue of redeemable preference shares at an issue price of ₹400 per share. The Company and Mr Vikas Oberoi will subscribe to these shares in equal proportion, with the primary goal of utilising the proceeds to repay outstanding loans and redeem existing preference shares held by the Company and Mr Vikas Oberoi.

In line with this restructuring, Oberoi Realty’s Board has approved the subscription of up to 41,25,000 redeemable preference shares, amounting to ₹165 crore. This strategic step is expected to strengthen I-Ven’s financial position while enabling smoother execution of the investment transaction.

Conclusion

Through this investment and restructuring, Oberoi Realty aims to enhance the growth potential of I-Ven and unlock greater value for its stakeholders. The partnership with Alpha Wave Ventures II, LP signals a strong commitment to expanding its real estate ventures while ensuring financial discipline in its operations.

On March 20, 2025, Oberoi Realty share price opened at ₹1,634.60 and closed at ₹1,642.00, up by 1.72%. The stock price touched its day’s high at ₹1,648.35. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

On March 20, 2025, BSE Sensex closed at 76,348.06 up by 1.19%, while Nifty50 rose by 1.13% to 23,165.80. Stocks like Gensol Engineering and IGIL hit circuit limits, reflecting significant price movements. Check out the full list of stocks hitting circuits today.

Stocks That Hit Upper Circuit on March 20, 2025

Stocks That Hit Lower Circuit on March 20, 2025

Overview of Companies Hit Circuits Today

• Gensol Engineering

Gensol Engineering saw a drop in its stock price, declining by 3.42% to close at ₹240.00. The stock opened at ₹245.10 and reached a low of ₹236.10. 

• Vakrangee

Vakrangee experienced a drop in its stock price, dropping by 4.60% to close at ₹11.62. The stock opened at ₹12.20 and reached a low of ₹11.57.

• Wockhardt

Wockhardt saw its stock price rise by 3.09% to close at ₹1,465.95. The stock opened at ₹1,452.00 and rose to ₹1,493.00 at the high of the day.

• EPACK Durable

EPACK Durable experienced notable growth in its stock price, rising by 2.57% to close at ₹369.55. The stock opened at ₹364.00 and touched a high of ₹378.30.

• International Gemmological Institute (India) (IGIL)

IGIL saw an increase in its stock price, rising by 4.99% to close at ₹344.15. The stock opened at ₹331.00 and rose to a day’s high of ₹344.15.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

REC Limited has announced the declaration of its 4th interim dividend for the financial year 2024-25. The Board of Directors, in its meeting held on March 19, 2025, approved a dividend of ₹3.60 per equity share of face value ₹10 each.

REC Ltd Interim Dividend Record Date

The company has set March 26, 2025, as the record date for determining eligible shareholders. Shareholders holding shares in electronic form must appear as beneficial owners in depository records, while those holding physical shares must be listed in the company’s register of members.

The company stated that the interim dividend will be credited or dispatched on or before April 16, 2025. 

9 Months FY25 Financial Highlights

REC Limited reported financial performance with a total income of ₹40,805 crore, reflecting an 18% YoY growth from ₹34,571 crore. Net Interest Income saw a 24% YoY rise, reaching ₹14,191 crore compared to ₹11,422 crore in the previous year. 

The company’s net profit stood at ₹11,477 crore, marking a 15% YoY increase from ₹10,003 crore. Additionally, the loan book expanded to ₹5.66 lakh crore, up 14% YoY from ₹4.97 lakh crore.

Conclusion

This interim dividend reflects REC’s commitment to rewarding its shareholders and maintaining a dividend payout policy. 

On March 20, 2025, REC share price opened at ₹433.80, touching the day’s low at ₹425.10, as of 9:54 AM on the NSE.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Voltas Ltd has been gaining attention on Thursday. On March 20, 2025, Voltas share price opened at ₹1,510.15, up from its previous close of ₹1,495.20. However, at 10:14 AM, the share price of Voltas was trading at ₹1,478.65, down by 1.11% on the NSE. The company’s share price hit its day’s low so far at ₹1,469.50. 

Government Relaxes BIS Certification for AC and Refrigerator Components

In a key regulatory move, the government has exempted certain critical air-conditioner and refrigerator components from mandatory Bureau of Indian Standards (BIS) certification. 

The Department for Promotion of Industry and Internal Trade (DPIIT) removed the factory requirement for BIS certification for grooved copper tubes and AC compressors of 2 tonnes and above capacity, including those imported from China. 

This decision is aimed at preventing supply shortages amid expectations of a scorching summer.

Voltas Sees RAC Revenue Growth

Voltas reported a 35% year-on-year growth in its room air conditioner (RAC) revenue for April 2024 – February 2025, outpacing the industry’s 30% growth. The company reassured investors that its market share typically dips in January and February but rebounds from April onwards. 

Addressing supply chain concerns, Voltas stated that despite a drop in compressor imports from China in the December quarter, it has successfully secured alternate supply sources. The company also expects the government to permit continued imports until domestic production capacity is sufficient to meet demand.

With strong revenue growth and proactive supply chain management, Voltas remains optimistic about the upcoming peak summer season.

Conclusion

With the government easing BIS norms to prevent supply shortages, Voltas seems to be well-positioned for the peak summer season despite short-term market fluctuations.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Hero MotoCorp Ltd has been in focus on Thursday. On March 20, 2025, Hero MotoCorp share price opened at ₹3,579.00, up from its previous close of ₹3,537.00. At 9:40 AM, the share price of Hero MotoCorp was trading at ₹3,592.25, up by 1.56% on the NSE. Notably, the company’s share price hit its 52-week low recently at ₹3,461.60 on March 17, 2025. 

Senior Executives Resign

According to reports, two key senior executives have resigned from Hero MotoCorp. These include Reema Jain, Chief Information and Digital Officer, and Sameer Pande, HR Head for Talent Management. Their departures add to the growing list of exits at the company.

The resignations come just a month after CEO Niranjan Gupta and Chief Business Officer Ranjivjit Singh stepped down in February. 

The latest exits follow a company-wide town hall held on February 14, where Pawan Munjal, Executive Chairman, addressed around 5,000 employees globally. 

Sales Growth in February 2025

Hero MotoCorp, the world’s largest motorcycle and scooter manufacturer, recorded total dispatches of 3.88 lakh units in February 2025. In the domestic market, the company dispatched 3,57,296 units, reflecting steady demand.

VIDA, Hero MotoCorp’s electric vehicle brand, continued its upward trajectory, with 6,200 units dispatched. The growing popularity of the VIDA V2 range reinforces the brand’s position as an aspirational, accessible, and affordable EV option.

Global sales witnessed a significant 33% year-on-year growth, with over 30,000 units dispatched in February 2025. This marks the third consecutive month of exceeding 30,000 units in international markets.

Conclusion

Investors and market analysts will be closely monitoring how Hero MotoCorp navigates these leadership transitions amid ongoing industry challenges.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

RattanIndia Enterprises Limited’s electric mobility arm, Revolt Motors, is set to expand its global footprint by entering Nepal. 

This follows its successful debut in Sri Lanka, marking another step in its international growth strategy. The company has partnered with MV Dugar Group, a reputed conglomerate with 140 years of legacy and over 52 years of experience in the automobile industry. 

The first Revolt Hub in Nepal will be launched in Kathmandu in April 2025, reinforcing the brand’s commitment to sustainable mobility solutions in South Asia.

Revolt’s Product Portfolio and After-Sales Services

The Kathmandu Revolt Hub will showcase Revolt’s entire product lineup, including the flagship RV400, the stylish RV400 BRZ, the practical RV1 and RV1+, and the newly launched high-performance RV BlazeX. In addition to motorcycles, customers will have access to official accessories and branded merchandise. 

Expansion Plans and Customer Engagement Initiatives

Revolt Motors aims to open 15 showrooms in major Nepalese cities over the next 3-4 months to make electric mobility more accessible. To provide high-quality service, dealership staff will undergo comprehensive training on Revolt’s technology and customer-first approach. As part of its market entry strategy, Revolt will also introduce exclusive early-bird promotional offers, encouraging customers to embrace electric motorcycles and contribute to a greener future.

Commenting on the expansion, the Chairperson of RattanIndia Enterprises Limited, Ms. Anjali Rattan, said, “Nepal is a key strategic market for Revolt Motors, given its strong push for clean energy and growing demand for sustainable mobility. Its unique topography, where motorcycles are a preferred mode of transport, presents an exciting opportunity to introduce our smart, efficient electric motorcycles. This expansion aligns with our vision to drive electric mobility across international markets, with plans to enter Southeast Asia, the Middle East, and Africa soon.”

She further stated, “With our advanced EV technology and partnership with MV Dugar Group, a trusted name in Nepal’s automotive sector, we are committed to delivering world-class products and services to Nepalese customers.”

Conclusion

To ensure a seamless ownership experience, Revolt is establishing a strong after-sales service network, including fully equipped service stations at all dealership locations across Nepal.

On March 19, 2025, RattanIndia Enterprises share price (NSE: RTNINDIA) opened at ₹40.90 and closed at ₹42.05, up by 3.06%. The stock price touched its day’s high at ₹42.65. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.